GDP in detail: National income rises as growth falls

Wednesday 7 December 2016

The Australian Bureau of Statistics (ABS) today released the national accounts for the September quarter, which registered a 0.5% fall in real GDP over the quarter and only a 1.8% rise over the year, missing economists’ expectations of a 0.2% decline.

On a per capita basis, real GDP fell by 0.8% and was up by just 0.3% over the year.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.